LTC This could be the start of a major pump
or a bull trap
Bullish signals, double bottom, high volume, end of an ABC correction, break out of a falling wedge
Bearish signs, didn't break out of the falling channel, was rejected by top resistance, and the 4hrs 200ema which seems to be acting as dynamic resistance for a while.
To confirm a bull move, price action must break above the 4hrs 200ema and bounce on the retest (green curve)
If this is a bull trap then price will likely follow the red curve, however at the moment today's dump looks like a major bear trap followed by a short squeeze.
Bullish signals, double bottom, high volume, end of an ABC correction, break out of a falling wedge
Bearish signs, didn't break out of the falling channel, was rejected by top resistance, and the 4hrs 200ema which seems to be acting as dynamic resistance for a while.
To confirm a bull move, price action must break above the 4hrs 200ema and bounce on the retest (green curve)
If this is a bull trap then price will likely follow the red curve, however at the moment today's dump looks like a major bear trap followed by a short squeeze.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.